Technical View:
Tata Power is currently showing strong momentum on the daily chart, with four consecutive days of upside. It is trading firmly above the 200-day and 14-day EMA, which are both key supports. On Friday, the stock opened at ₹392, dipped to ₹390, hit a high of ₹395.50, and closed at ₹394.90, maintaining consolidation in the ₹380-₹390 range. The RSI stands at 57 (not overbought), and MACD is turning positive—both signs point toward the potential for more upside. As long as Tata Power stays above these support levels, any dip toward ₹390 is a buy opportunity; if the trend continues, short-term targets between ₹425-₹430 are realistic.
Fundamental View:
Fundamentally, Tata Power is one of India’s biggest and most diversified power companies, operating in thermal, solar, wind, hydro, and EV charging segments. Annual revenue is about ₹66,219 crore with a last 4-quarter net profit of ₹4,215 crore. The company regularly pays dividends, has a market cap close to ₹1.26 lakh crore, and is actively investing in green growth. Its P/E is around 30x and P/B at 3.5x, which is average for the sector. Their renewable capacity now stands at 11.3 GW, reinforcing a future-ready and sustainable business model.
Important News & Events:
Tata Power just signed a ₹1,200 crore Power Purchase Agreement for an 80 MW hybrid renewable project for Mumbai, expanding its renewable and clean energy portfolio. The company remains a leader in EV charging stations and had a strong presence at the Bharat Mobility Expo 2025. Q2 results are expected later this month, and any new developments or profit beat could push the stock higher.
Should You Buy or Wait? — Forecast & Actionable View:
Short-term traders can consider buying on dips above ₹390 (with stoploss at ₹385), targeting ₹425-₹430. For investors, SIP or staggered accumulation is best, especially with Tata Power’s continued shift towards renewables. If the stock falls and closes below ₹385, it’s safer to wait and watch for a new base.
Disclaimer & Disclosure:
This summary is for educational purposes only, not investment advice. All figures come from public sources (Screener, Moneycontrol, Economic Times, etc.). Stock investments are risky—do your own research and consult a financial advisor before making decisions.Daily Chart Analysis of TATAPOWER on 05102025